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$172.5 million funding top up to support Australian medical research
The Morrison Government is continuing its support for world leading medical research by contributing an additional $172.5 million to supplement the Medical Research Future Fund (MRFF) in 2021-22.
The MRFF reached its $20 billion maturity in July 2020, however the historic low RBA cash rate has reduced the amount available through the MRFF to $455 million in 2021-22.
The additional funding will bring the MRFF disbursement for 2021‑22 back up to $627.5 million.
This funding will maintain the Government’s commitment to the 20 initiatives outlined in the $5 billion MRFF 10-Year Investment Plan, which focus on areas of unmet need or with potential for transforming health care and outcomes.